How much can you actually afford?
The number a lender will approve, not the number a listing tempts you with. Enter your income and debts to see your ceiling under the Canadian stress test — and the gap to the home you have in mind.
Qualified at the stress-test rate — the greater of your rate + 2% or 5.25%. Uses standard GDS/TDS limits.
Maximum home price you'd qualify for
$736,843
$616,843
Max mortgage
6.09%
Qualifying rate
$4,533
Max monthly (P+I+tax)
44%
TDS at ceiling
Your ceiling vs your target$113k under target
Qualify: $737kTarget: $850k
Gross debt service (GDS)39% · OK
Total debt service (TDS)44% · OK
Close the gap
A broker can often stretch the ceiling.
Different lenders read income and debt differently — self-employed, bonus, rental. A licensed broker finds the lender whose rules fit your file, and pre-approves it.
What a licensed mortgage professional does
- Lenders matched to your income type
- Real pre-approval, not a guess
Illustrative estimate using standard GDS 39% / TDS 44% guidelines and the Canadian mortgage stress test. Heating and condo-fee assumptions are simplified. Actual approval depends on the lender's full assessment of your credit, income and property. Not an offer of credit.